Author

Topic: Guess the percentage of BTCs mined and immediately sold (Read 833 times)

legendary
Activity: 2506
Merit: 1010
Knowing the quantity of BTCs mined each day and the trading volumes on MTGox, is it possible to understand what is the percentage of BTCs mined and immediately sold by miners currently?

Who mines the blocks?  Mostly pools.  So the pools do have payouts that might be tracked, but you can't know if the individual payouts are to hosted (shared) EWallet addresses or addresses for local Bitcoin clients. 

There are still many block mined back before pools existed in which still have not been spent.  So with those it can be determined that they haven't been sold.  But nowadays that's pretty much impossible to determine.

Welcome to the world of pseudonymous digital currency.
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
Knowing the quantity of BTCs mined each day and the trading volumes on MTGox, is it possible to understand what is the percentage of BTCs mined and immediately sold by miners currently?

I don't think there is a way to figure that out.

There has to be some connection.
For instance if the current quantity of BTCs we can mine is 36000 a day and the trading volume is 175000 a day does it mean either that the mined BTCs change 4 times a day the owner, if sold completely, or, if not, more than 4 times a day?

Probably someone who is very good in statistics we'll have no difficulty to calculate it.

We have others parameters as well: the current price of BTCs and how much fiat the miner would need to cash out to cover his costs.
hero member
Activity: 882
Merit: 1006
Knowing the quantity of BTCs mined each day and the trading volumes on MTGox, is it possible to understand what is the percentage of BTCs mined and immediately sold by miners currently?

I don't think there is a way to figure that out.
sr. member
Activity: 697
Merit: 272
Slimcoin - the Proof of Donation inventors!
Knowing the quantity of BTCs mined each day and the trading volumes on MTGox, is it possible to understand what is the percentage of BTCs mined and immediately sold by miners currently?
Jump to: